Funds/Large & Mid Cap Fund/Franklin India Large & Mid Cap Fund

Franklin India Large & Mid Cap Fund

Franklin Templeton Mutual Fund·Large & Mid Cap Fund·vs Nifty LargeMidcap 250 TRI

The fund is heavily anchored in financial services—banking dominates at 16%—signaling confidence in monetary easing and credit growth. The manager's recent rotation into cement, autos, and logistics while trimming software exposure suggests a tactical shift away from IT's premium valuations toward cyclical recovery plays. With modest cash elevation and fresh positions in capital-intensive sectors, the portfolio reflects conviction in infrastructure-led growth over the near term, though concentration in the top ten holdings warrants monitoring for liquidity risk.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Regular Growth	₹180.9485	+1.01%	-4.72%	-7.66%	-1.35%	+13.93%	+12.58%

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

15.46%

Top 10 Weight

27.86%

Active Share

—

Large Cap

37.58%

Gini

0.222

What Changed2026-03-31 → 2026-04-30

Holdings: 54 → 58+5 added−1 removed33 weight shifts ≥ 0.1%

Stock	Sector	Weight
Ultratech Cement Ltd	Cement & Cement Products	1.61%
Tata Motors Ltd	Agricultural, Commercial & Construction Vehicles	1.23%
Godrej Properties Ltd	Realty	1.04%
Delhivery Ltd	Transport Services	0.89%
Blue Star Ltd	Consumer Durables	0.29%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	Eternal Ltd INE758T01015	Retailing	EQUITY	3.94%
2	Call, Cash & Other Assets Call, Cash & Other Assets		CASH_EQUIVALENT	3.83%
3	HDFC Bank Ltd INE040A01034	Banks	EQUITY	2.95%
4	ICICI Bank Ltd INE090A01021	Banks	EQUITY	2.90%
5	Kotak Mahindra Bank Ltd INE237A01036	Banks	EQUITY	2.86%
6	J.B. Chemicals & Pharmaceuticals Ltd INE572A01036	Pharmaceuticals & Biotechnology	EQUITY	2.80%
7	Mahindra & Mahindra Ltd INE101A01026	Automobiles	EQUITY	2.75%
8	Axis Bank Ltd INE238A01034	Banks	EQUITY	2.48%
9	State Bank of India INE062A01020	Banks	EQUITY	2.46%
10	PB Fintech Ltd INE417T01026	Financial Technology (Fintech)	EQUITY	2.40%
11	AU Small Finance Bank Ltd INE949L01017	Banks	EQUITY	2.32%
12	Vishal Mega Mart Ltd INE01EA01019	Retailing	EQUITY	2.19%
13	Marico Ltd INE196A01026	Agricultural Food & Other Products	EQUITY	2.11%
14	Persistent Systems Ltd INE262H01021	IT - Software	EQUITY	2.02%
15	Colgate Palmolive (India) Ltd INE259A01022	Personal Products	EQUITY	2.01%
16	Crompton Greaves Consumer Electricals Ltd INE299U01018	Consumer Durables	EQUITY	1.99%
17	Canara HSBC Life Insurance Co Ltd INE01TY01017	Insurance	EQUITY	1.97%
18	Apollo Hospitals Enterprise Ltd INE437A01024	Healthcare Services	EQUITY	1.96%
19	Max Financial Services Ltd INE180A01020	Insurance	EQUITY	1.94%
20	Swiggy Ltd INE00H001014	Retailing	EQUITY	1.90%

Sector Allocation

Banks16.0%

Retailing9.7%

IT - Software6.7%

Consumer Durables5.4%

Insurance5.3%

Pharmaceuticals & Biotechnology4.6%

Power4.6%

Finance4.3%

Realty4.0%

Healthcare Services3.7%

Top 10 sectors by % to NAV. Excludes derivatives.